Eagle Financial Services (NASDAQ:EFSI) Lowered to “Hold” Rating by Freedom Broker

Freedom Broker downgraded shares of Eagle Financial Services (NASDAQ:EFSI) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

Several other research analysts also recently commented on EFSI. Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Zacks Research lowered shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. DA Davidson reaffirmed a “neutral” rating and set a $40.00 target price on shares of Eagle Financial Services in a research report on Monday, July 27th. Finally, Wall Street Zen downgraded Eagle Financial Services from a “sell” rating to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.25.

Eagle Financial Services Trading Down 0.2%

Shares of EFSI stock opened at $41.53 on Thursday. The stock’s 50 day simple moving average is $41.67 and its two-hundred day simple moving average is $38.97. The company has a market cap of $224.68 million, a PE ratio of 12.00 and a beta of 0.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $45.44.

Eagle Financial Services (NASDAQ:EFSI) last released its earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). The business had revenue of $25.56 million during the quarter, compared to analysts’ expectations of $21.29 million. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. Research analysts predict that Eagle Financial Services will post 2.71 earnings per share for the current year.

Eagle Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, August 3rd. Eagle Financial Services’s payout ratio is 35.84%.

Hedge Funds Weigh In On Eagle Financial Services

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of Eagle Financial Services in the 3rd quarter valued at $26,000. BNP Paribas Financial Markets lifted its holdings in Eagle Financial Services by 82.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after purchasing an additional 538 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services during the second quarter worth approximately $67,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Eagle Financial Services in the third quarter valued at approximately $84,000. Finally, California State Teachers Retirement System raised its stake in shares of Eagle Financial Services by 986.7% in the 2nd quarter. California State Teachers Retirement System now owns 2,695 shares of the company’s stock valued at $112,000 after acquiring an additional 2,447 shares during the period. Institutional investors and hedge funds own 0.31% of the company’s stock.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc (NASDAQ: EFSI) is the bank holding company for Eagle National Bank, a community-oriented financial institution headquartered in Fredericksburg, Virginia. The company offers a broad range of retail and commercial banking solutions, focusing on personalized service for individuals, small businesses, and nonprofit organizations. Through its subsidiary, Eagle National Bank, it maintains a commitment to local decision-making and relationship-driven service.

Eagle Financial Services provides deposit products including checking and savings accounts, money market funds, certificates of deposit, and individual retirement accounts.